Acquisition

Northgate PLC
01 October 2002

                                                                  1 October 2002

                                 Northgate plc
                    Acquisition of Target Vehicle Rental Ltd

Northgate plc ('Northgate'), the UK's leading specialist in light commercial
vehicle hire, today announces the acquisition of Target Vehicle Rental Ltd ('
Target'), a light commercial vehicle hire business based in Banbury,
Oxfordshire.

Target, which has a fleet of approximately 1,100 vehicles, operates from eight
sites in the M40 corridor area.  The total consideration of £3.36m will be paid
in cash in full on completion.  Northgate will fund the acquisition from
existing resources.

Northgate's Chairman, Michael Waring, comments:  'This acquisition provides
Northgate with both another well respected brand and immediate coverage in an
area where we are currently under represented.  It reconfirms our commitment to
building our core UK business and is in line with our Strategy for Growth.'

                                       -

For further information, please contact:

Northgate plc
Steve Smith - Chief Executive                             Tel:  [phone]
Phil Moorhouse - Finance Director

Hogarth Partnership Limited
Andrew Jaques / Tom Leatherbarrow                         Tel:  [phone]



Notes to Editors

Northgate plc rents light commercial vehicles to businesses from a network of
hire companies throughout the UK, Ireland and, through a recent acquisition,
Spain.  Its NORFLEX flexible fleet hire product gives businesses access to a
flexible and risk-free method to acquire as many commercial vehicles as they
require.

Northgate's turnover for the year ended 30 April 2002 was £278m.  It is listed
on the London Stock Exchange and has a market capitalisation of some £250m.

Further information regarding Northgate can be found on the Company's website:
http://www.northgateplc.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange